NN Investment Partners Holdings N.V. raised its stake in Halliburton Company (NYSE:HAL) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,499 shares of the oilfield services company’s stock after buying an additional 17,250 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Halliburton were worth $15,226,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. CENTRAL TRUST Co increased its stake in shares of Halliburton by 71.3% in the first quarter. CENTRAL TRUST Co now owns 8,173 shares of the oilfield services company’s stock valued at $402,000 after buying an additional 3,403 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Halliburton by 1.8% in the first quarter. Quadrant Capital Group LLC now owns 3,480 shares of the oilfield services company’s stock valued at $159,000 after buying an additional 60 shares in the last quarter. Murphy Capital Management Inc. increased its stake in shares of Halliburton by 29.3% in the first quarter. Murphy Capital Management Inc. now owns 8,828 shares of the oilfield services company’s stock valued at $434,000 after buying an additional 2,000 shares in the last quarter. CrestPoint Capital Management LLC increased its stake in shares of Halliburton by 206.5% in the first quarter. CrestPoint Capital Management LLC now owns 14,100 shares of the oilfield services company’s stock valued at $694,000 after buying an additional 9,500 shares in the last quarter. Finally, Bremer Trust National Association increased its stake in shares of Halliburton by 60.2% in the first quarter. Bremer Trust National Association now owns 10,321 shares of the oilfield services company’s stock valued at $508,000 after buying an additional 3,877 shares in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Halliburton Company (HAL) traded down 0.49% during mid-day trading on Friday, hitting $40.31. The stock had a trading volume of 2,053,650 shares. The stock has a 50 day moving average of $42.69 and a 200-day moving average of $47.89. The stock’s market capitalization is $35.13 billion. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. On average, equities research analysts predict that Halliburton Company will post $1.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.78%. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.
A number of equities research analysts have recently weighed in on HAL shares. HSBC Holdings plc started coverage on Halliburton in a research note on Wednesday, April 19th. They set a “buy” rating and a $65.00 price target for the company. Deutsche Bank AG cut their price target on Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, April 25th. BMO Capital Markets set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC set a $69.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Cowen and Company cut their price target on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has an average rating of “Buy” and an average price target of $59.60.
In other news, Director William E. Albrecht bought 8,000 shares of the stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at $370,640. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
What are top analysts saying about Halliburton Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Halliburton Company and related companies.